3 BIG topics in one quick Monday Report 1 Medibank lists tomorrow The government has had a bonanza with Medibank, issuing the stock to retail at $2 a share and...

Nicholas Forsyth

Market Matters

3 BIG topics in one quick Monday Report 1 Medibank lists tomorrow The government has had a bonanza with Medibank, issuing the stock to retail at $2 a share and institutions at $2.15 a share. At what price do we sell Medibank? 2 China cuts interest rates for first time in 2-years Simply, China has had enough of slowing growth and worsening economic data. The largest beneficiary of this action/direction is the embattled resources sector. BHP looks set for a $3.80 rally(12%) from Friday's close. 3 ECB President says he will do whatever is necessary to raise inflation in Europe Basically this means more stimulus and lower rates for longer in Europe, nothing that new. I have two on going conclusions from this aggressive news: 1. Gold will have a great few months; I am a buyer Regis Resources (RRL) targeting a further 25-30% upside from current levels (see chart 3). 2. I believe yield stocks e.g. banks will be solidly supported in Christmas, but I am looking for areas to sell not buy. (VIEW LINK)


Nicholas Forsyth
Nicholas Forsyth
Director
Market Matters

Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...

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